EntryPoint Capital LLC Takes $432,000 Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

EntryPoint Capital LLC acquired a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,702 shares of the technology company's stock, valued at approximately $432,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SSNC. Kestra Investment Management LLC bought a new position in shares of SS&C Technologies in the fourth quarter worth $39,000. Parkside Financial Bank & Trust increased its stake in SS&C Technologies by 76.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company's stock worth $40,000 after acquiring an additional 229 shares during the last quarter. Financial Perspectives Inc purchased a new position in shares of SS&C Technologies during the fourth quarter worth about $51,000. Rialto Wealth Management LLC bought a new position in shares of SS&C Technologies in the fourth quarter worth approximately $64,000. Finally, CENTRAL TRUST Co bought a new stake in SS&C Technologies during the fourth quarter valued at approximately $65,000. Institutional investors own 96.95% of the company's stock.

Insider Activity

In related news, SVP Jason Douglas White sold 71,000 shares of SS&C Technologies stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $88.96, for a total transaction of $6,316,160.00. Following the sale, the senior vice president now directly owns 6,412 shares in the company, valued at $570,411.52. The trade was a 91.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael Jay Zamkow sold 23,000 shares of the firm's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $88.39, for a total value of $2,032,970.00. Following the transaction, the director now directly owns 23,200 shares of the company's stock, valued at $2,050,648. This represents a 49.78 % decrease in their position. The disclosure for this sale can be found here. Insiders own 15.40% of the company's stock.

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Wall Street Analyst Weigh In

SSNC has been the subject of a number of research analyst reports. Raymond James lifted their price objective on shares of SS&C Technologies from $85.00 to $95.00 and gave the stock a "strong-buy" rating in a report on Friday, February 7th. Jefferies Financial Group upgraded shares of SS&C Technologies from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $70.00 to $94.00 in a report on Monday, February 3rd. DA Davidson upped their price objective on shares of SS&C Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research note on Monday, February 10th. Needham & Company LLC lifted their target price on shares of SS&C Technologies from $90.00 to $105.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Finally, Royal Bank of Canada upped their price target on shares of SS&C Technologies from $86.00 to $96.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, SS&C Technologies currently has a consensus rating of "Buy" and a consensus price target of $97.50.

SS&C Technologies Trading Down 2.0 %

Shares of SS&C Technologies stock traded down $1.66 during trading on Friday, reaching $81.98. 802,003 shares of the stock were exchanged, compared to its average volume of 1,213,502. SS&C Technologies Holdings, Inc. has a 1 year low of $59.63 and a 1 year high of $89.73. The firm has a market cap of $20.21 billion, a price-to-earnings ratio of 27.33 and a beta of 1.36. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. The stock's fifty day moving average is $84.15 and its 200 day moving average is $78.22.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, topping analysts' consensus estimates of $1.32 by $0.09. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. As a group, equities research analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Monday, March 3rd. SS&C Technologies's payout ratio is 33.33%.

SS&C Technologies Profile

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.